Investment Management

Transparency is the foundation of our firm. We operate on an AUM-based fee structure, meaning our success is directly tied to yours. We do not accept commissions, hidden markups, or fee-sharing arrangements with other investment managers. We don’t earn additional fees for any asset class implementation (e.g., public investments vs. private investments). This allows us to remain client-aligned when determining the most appropriate allocation and investment strategy selection for your portfolio.

We are very intentional about where we deploy client capital. We build bespoke portfolios with the objective of maximizing the opportunity for investment performance – after fees, taxes, and inflation – while operating within a client’s risk and illiquidity tolerances. We focus on combining asset classes with less than perfect correlations with the goal of improving diversification, lowering volatility, and increasing the compounding of capital over time. Like many of the nation’s largest single-family-office and endowment investors, we typically place a heavy emphasis on the use of alternative investments in our multi-asset class portfolios, designed to weather market cycles and regimes, and leading to higher expected outcomes than conventional equity/bond portfolios.

Absolutely. We don’t believe in "one-size-fits-all" portfolios. Whether you have concentrated stock positions, existing private fund commitments, or unique estate planning requirements, we integrate those complexities into your broader investment framework to ensure harmony across your balance sheet. Additionally, every investment strategy is built within a tax-aware architecture designed to minimize drag and maximize after-tax compounding.

Private markets represent the cornerstone of our investment philosophy and we believe offer our greatest source of differentiation. Rather than relying on large managers where competition is highest, we deliberately target the inefficient segments of private markets—specifically small-cap and lower middle market buyouts and early-stage venture capital—where we believe the greatest opportunity for excess returns exists. We focus on smaller fund sizes, where we believe managers retain the agility to generate excess returns. We have built long-term partnerships with both established franchise managers and high-potential emerging managers, many of whom are closed to individual investors on a direct basis. Taken together, we believe that this approach, combined with a significant allocation to co-investments alongside our managers, enables us to concentrate capital in our highest-conviction opportunities and maximize the compounding potential of your private markets portfolio.

Yes, co-investments represent a significant and intentional component of our clients' private market portfolios. By co-investing directly alongside established managers in individual transactions, we are able to increase exposure to what we believe are the highest-conviction opportunities while typically reducing the fee burden associated with traditional fund structures. Our deep-rooted and long-standing partnerships we’ve cultivated with our private equity and venture capital managers affords us the ability to access these types opportunities at scale. For our clients, this often translates into a more concentrated, cost-efficient path to the private market return potential.